Keybot the Quant remains long. The algo did not print any numbers on Friday. The bulls win with lower volatility and higher retail stocks. Bears need VIX above 13.88 and/or RTH under 76.60 to create downside in stocks. Bulls need stronger commodities and utilities to create further upside; watch GTX 2250 and UTIL 651.
The bulls are in control with the S&P 500 knocking on the door of new all-time record highs. For the SPX starting at 2182 on Monday, the bulls need to touch the 2190 handle and bingo, trumpets will sound as the S&P 500 rockets to new highs accelerating towards 2200 like a madman. The bears need to push below 2180 to accelerate the downside quickly into the 2170's. A move through 2181-2189 is sideways action to begin the week.
Keybot prints one pre-scheduled number this week on Wednesday. The market bears need VIX above 13.88 or they got nothing. Stocks will float higher if VIX maintains a 12-handle.
11/27/16;
7:00 PM EST =
11/23/16;
10:00 AM EST =
11/20/16; 7:00 PM EST
= +48; signal line is +28
11/17/16;
9:00 AM EST = +48; signal line is +27
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